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BOXABL and FG Merger II Corp. Extend Outside Date for Completion of Proposed Merger
Prnewswire· 2025-11-04 12:45
Core Viewpoint - Boxabl Inc. and FG Merger II Corp. have signed an amendment to their merger agreement, extending the completion date from December 31, 2025, to March 31, 2026, while continuing to work towards finalizing the merger, which requires shareholder and regulatory approvals [2]. Company Overview Boxabl Inc. - Boxabl is focused on transforming the housing market with modular building systems that provide affordable, high-quality homes quickly. Founded in 2017, the company aims to address housing challenges globally [3]. - The flagship product, Casita, is a 361 square foot studio unit that includes a full kitchen, bathroom, and utilities, and can be set up on-site in less than an hour. Additionally, Boxabl is developing a smaller 120 square foot unit called the Baby Box, designed for simpler setups without foundations [3]. - Future developments include stackable and connectable box models that can create townhomes, multifamily units, or larger single-family homes [3]. FG Merger II Corp. - FG Merger II Corp. is a special purpose acquisition company (SPAC) created to facilitate mergers, share exchanges, and similar business combinations with other entities [4]. Merger Details - The merger between Boxabl and FG Merger II Corp. is expected to continue listing on the Nasdaq Stock Market under the symbol "BXBL" upon completion [2]. - The proposed transaction will be submitted to FGMC shareholders for their consideration, with a registration statement filed with the SEC that includes proxy statements and a prospectus related to the merger [5].
BOXABL Releases CEO Video Speaking to IPO Event, Merger with FG Merger II Corp.
Prnewswire· 2025-09-30 13:35
Core Insights - BOXABL Inc. is preparing for a potential merger with FG Merger II Corp., a SPAC, which is expected to facilitate BOXABL's transition to a publicly traded company under the ticker symbol "BXBL" on Nasdaq [1][3]. Company Overview - BOXABL is focused on innovative housing solutions, particularly through modular building systems that aim to provide affordable and high-quality homes rapidly. The flagship product, the Casita, is a 361 square foot studio unit that can be set up in less than an hour [4]. - The company also plans to introduce the Baby Box, a smaller 120 square foot unit designed for simpler setups, and is developing stackable models for larger housing solutions [4]. Merger Process - A video message from co-CEO Paolo Tiramani outlines the merger process, addressing shareholder concerns, the choice of SPAC over a traditional IPO, and the implications for share ownership and transferability [2]. - The filing of the S-4 registration statement with the SEC is a significant step in the merger process, which includes a joint proxy statement and prospectus for shareholders [3][7]. Strategic Timing and Expectations - The video discusses the strategic timing of going public and what shareholders can expect in the coming months, including key filings and the transaction timeline [2]. - The merger is positioned as a means to enhance BOXABL's market presence and operational capabilities in the housing sector [1][4].
BOXABL and FG Merger II Corp. Announce Public Filing of Registration Statement on Form S-4 and Joint Proxy Statement/Prospectus in Connection with Proposed Merger
Prnewswire· 2025-09-18 20:30
Core Viewpoint - Boxabl Inc. is moving forward with its merger with FG Merger II Corp, aiming to become a publicly traded company, which is expected to enhance its market growth and value creation for customers and investors [4][7]. Company Overview - Boxabl is focused on innovative housing solutions, particularly through modular building systems that provide affordable and high-quality homes quickly [5]. - The flagship product, Casita, is a 361 square foot studio unit that can be set up in less than an hour [5]. - Boxabl is also developing smaller units like the Baby Box and plans for stackable models to create larger living spaces [5]. Merger Details - The merger values Boxabl at approximately $3.5 billion, with FG Merger II Corp. expected to issue 350 million shares to Boxabl stockholders [7][8]. - The combined company will trade on Nasdaq under the ticker "BXBL" after the merger [7]. - Completion of the merger is contingent upon SEC approval and stockholder votes from both companies [3][10]. Strategic Leadership - Boxabl's founders, Paolo and Galiano Tiramani, will continue to lead the combined entity post-merger [4]. - The leadership emphasizes that going public will facilitate the acceleration of their mission to deliver affordable housing solutions [4]. Regulatory Process - A registration statement on Form S-4 has been filed with the SEC, which includes a preliminary joint proxy statement and prospectus for stockholders [10]. - Stockholders are encouraged to review the registration statement for detailed information regarding the merger [3][10].
BOXABL and FG Merger II Corp. Sign Merger Agreement to Pursue a BOXABL Public Listing on NASDAQ
Prnewswire· 2025-08-05 12:00
Core Viewpoint - Boxabl Inc. has signed a definitive merger agreement with FG Merger II Corp, marking a significant step towards becoming a publicly listed company on Nasdaq under the symbol "BXBL" [1][6] Company Overview - Boxabl is focused on transforming the housing market with modular building systems aimed at delivering affordable, high-quality homes quickly. Its flagship product, the Casita, is a 361 square foot studio unit that can be set up in less than an hour [5] - The company has raised over $230 million from over 50,000 investors, indicating strong interest in its innovative housing solutions [1][5] Merger Details - The merger will involve FG Merger II Corp issuing 350 million shares to Boxabl, valuing the company at $3.5 billion. Existing shareholders of Boxabl will roll 100% of their equity into the combined entity [7] - The transaction does not include a minimum cash condition, which may facilitate a smoother merger process [7] Leadership and Future Plans - Boxabl will continue to be led by its founders and Co-CEOs, Paolo and Galiano Tiramani, post-merger. The merger is expected to enhance Boxabl's production capabilities and allow for increased investment in research and development [2][7] - The partnership with FG Merger II Corp is seen as a strategic move to access greater capital and expand Boxabl's platform for delivering affordable housing solutions at scale [2]